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Xerox sale: Guaranty National Corp., of Englewood, Calif...

April 27, 1995

Xerox sale: Guaranty National Corp., of Englewood, Calif., said it has agreed to acquire Viking Insurance Holdings Inc., a unit of Xerox Corp., for more than $100 million. Xerox said the sale is part of its strategy to leave the property and casualty insurance business to focus on its core copiers business. The company said it will use most of the proceeds to pay off some debt. Viking Insurance Holdings, of Madison, Wis., is the parent company of Viking Insurance Co. of Wisconsin, which specializes in personal automobile insurance.